Leader Mining International Inc.- Senior Advisory Group Recommends Production Feasibility Study for Cogburn Magnesium Project

Business Wire, Jan 14, 2002

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--Jan. 14, 2002

The first meeting of the Senior Advisory Group and HATCH Associates Ltd. was held in Vancouver, BC, on January 9, 2002. A decision was taken at the meeting to commence a Production Feasibility Study for the Cogburn Magnesium Project, located 20 km northwest of Hope, BC. The study is to be completed by the end of 2002.

John A. Chapman is appointed as acting Project Manager to oversee the Production Feasibility Study, which will be conducted by independent engineering and environmental firms. Mr. Chapman is a professional mining engineer with a track-record of over 25 years of successful mine development and management of mining operations. Project permitting will be advanced in lock-step with the Feasibility Study. Extensive baseline environmental data is already available for the Cogburn project area from prior development of major power lines, mainline natural gas, Highway No. 7, CP Rail main line, an industrial plant, logging and main line logging access roads.

Leader Mining is adequately funded to complete the production feasibility study over the next 12 month period.

-- Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, that the SEC guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-26447 available from us at Suite 810, 400 - 5th Avenue SW Calgary, AB T2P 0L6. You can also obtain this form from the SEC by calling 1-800-SEC-0330. To find out more about Leader Mining International Inc. (CDNX: LMN, OBB: LDRMF), visit our website at www.leadermining.com

The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.